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Property profile & analytics
OFF-MARKET
Estimated value
$1,365,000
Office buildings
4001 Swift Rd Sarasota, FL 34231-6578
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-0838394
Property summary
AI-generated overview
This exceptional 9-unit executive office building, located at 4001 Swift Rd in Sarasota, Florida (34231), presents a compelling investment opportunity. The 4,684 square foot building, constructed in 1987 and situated on a 0.37-acre lot (APN: 0072040077), boasts a desirable mixed-use zoning (OPI). Currently operating at 90% occupancy with long-term tenants, this property offers a strong and stable income stream. Recent upgrades include a new roof, newer AC units, new carpeting, interior paint, and LED lighting, showcasing pride of ownership. The 17-space parking lot has been recently reconditioned, and the landscaping refreshed. An elevator upgrade ensures compliance with current safety regulations. The building features 8-9 foot ceilings and well-planned upper-level storage, significantly increasing capacity. High traffic visibility on Tuttle/Swift Road and proximity to downtown Sarasota further enhance its appeal. The gross lease structure simplifies management, and the multi-tenancy provides diversification. This meticulously maintained property is a prime example of a sound investment in a thriving Sarasota location. The asking price is $1,450,000, translating to $309.56 per square foot.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,660 SF
Lot
0.37 ac (16,066 SF)
Zoning code
OPI
APN
0072-04-0077
UPID
US18-0838394
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Stop Smoking Sarasota Alternative Medicine Practice
-
Pure Skincare Aesthetics Medical Clinic Skin Care Clinic
-
Hornberger Wellness & Chiropractic Alternative Medicine Practice
-
Naomi Fontaine, DC Alternative Medicine Practice
-
Dr. Bob Hawthorne, chiropractor Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.37M
Owner & transaction history
Lomax 4001 LLC · 1 yrs held
Lomax 4001 LLC
since 2025
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
OPI · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+41.4%
Medical building
$1.9M
+27.9%
Retail stores
$1.6M
+12.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sarasota submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sarasota submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,505,000
ML approach
$1,425,000
CAP Approach
CAP Return
Estimation
6%
$1,210,000
6.5%
$1,115,000
7%
$1,035,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,450,000
Current use
AUTO REPAIR, GARAGE
$2,045,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$1,855,000
Change: +28% · Conversion: Easy
RETAIL STORES
$1,625,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$1.37M
Range $1.23M – $1.50M · ±10% · vs last sale $1.35M (May 21 2025)
Last sale anchor
$1.35M
May 21 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$293 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,465
Tax year 2023
Assessed value
$915,600
Assessed 2023
Previous assessed
$806,900
+13.5% YoY
Effective rate
1.25%
On assessed value
Assessed land
$304,800
Assessed improvement
$610,800
Land market value
$304,800
Improvement market value
$610,800
Total market value
$915,600
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
20
Bathrooms
4
Total area
4,660 SF
Lot
0.37 ac (16,066 SF)
Zoning code
OPI
APN
0072-04-0077
UPID
US18-0838394
Jurisdiction
SARASOTA
Zoning & alternative use
OPI · Sarasota, FL
Zoning OPI · permitted uses
OPI · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sarasota. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
20
Bathrooms
4
Lot
0.37 ac
Current owner
From public records · entity-resolved
Lomax 4001 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4001 SWIFT RD, SARASOTA, FL 34231-6578
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2025
—
Lomax 4001 LLC
Dufek Lubos
Quitclaim Deed
related
—
Mar 3, 2025
$1,350,000
Dufek Lubos
4001 Swift Road LLC
Warranty Deed
—
Jun 8, 2009
$675,000
4001 Swift Road LLC
Connell & Herrig Ents INC
Warranty Deed
$344,144 · Sarasota Coastal Cu
May 31, 2000
$340,000
Connell & Herig Enterprises
Connell & Herrig Insurors INC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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